Property Overview
This 2018-built home at 32 Karen Irvine Crescent offers a modern living space in Winnipeg's established River Park South neighborhood. With nearly 2,000 square feet of living area, it presents a balanced option for buyers seeking a newer home without the premium of a brand-new build.
Key Characteristics & Appeal
The home’s primary appeal lies in its contemporary age and above-average living space relative to its surroundings. Built in 2018, it is significantly newer than most homes in both the neighborhood and the wider city, suggesting modern construction standards, systems, and likely less immediate maintenance. The living area of 1,945 sqft ranks well above the neighborhood and city averages, offering ample room for a growing family or those who value spacious interiors.
Its assessed value of $555k sits above the area and city averages, yet interestingly, it is below the average for its own street. This creates a nuanced position: you're acquiring a newer, sizable home in a street of generally higher-valued properties, which could be seen as a value proposition within a desirable micro-location. The lot size is fairly standard for the area.
This property would suit buyers who prioritize a move-in ready, modern home in a mature suburb. It’s ideal for those wanting to avoid the potential surprises of an older home or the raw landscaping of a new subdivision, while still benefiting from recent builds. It also appeals to the value-conscious buyer looking at streets with higher average values, seeing an opportunity to enter that locale.
Frequently Asked Questions
1. How does this home’s value compare to others on the street?
The home’s assessed value is below the street average, ranking 19th out of 26 homes. This indicates it may offer a more accessible entry point to a street where comparable homes are valued higher on average.
2. Is the home’s size typical for River Park South?
No, its living area is above average for the neighborhood, placing it in the top 13%. You get more interior space than most homes in the area.
3. What are the implications of the 2018 build year?
Built in 2018, the home is among the newest in the entire neighborhood (top 1%) and city-wide (top 4%). This typically translates to modern building codes, newer major systems like HVAC and plumbing, and contemporary layout preferences.
4. What was the previous sale price?
Public records indicate it last sold between $450,000 and $500,000 in June 2019. For fully verified and exact historical sale figures, a manual lookup can be requested.
5. How does the lot size compare?
At just over 5,000 sqft, the lot is around the neighborhood average but slightly below the average for the specific street. It provides a standard suburban yard space.